I'm a BCH fan myself, and I think all use is welcome. I think Lightning is great for some things, but I don't like the way it's sold as an alternative to nearly all on-chain....
Channels are good for some things, LN is just a load of bollox, it's not P2P, and is nothing more than fractional reserve 2.0 in the making.
So if LN is bad, what kind of channels would you prefer? Just simple channels without routing?
Yes, payment channels have many use cases, even centralised routing though a single hub is not so bad for certain use cases. But is LN exclusive to BTC?
No it isn't, that's why what they are doing is a very stupid approach for their coin's survival. And yes I agree: in some cases centralization doesn't matter much, though we.....
... shouldn't be forced into it.
For stuff like game play where you deposit funds to use in game, although no real routing as just 2 tx with main hub, but tokeda does this better with token issuer adjusting balances
I haven't looked much into Tokeda. Doesn't it settle balance on the BCH blockchain?
Exactly, if LN can be used by multiple coins, why is BTC needed? They will just start accepting alt X (fiat tokens) to open channels cheaper than on chain BTC fee & then why use BTC?
That's right, Lightning Network will be equally insecure for all coins.
Exactly. LN won't save BTC - it will make it irrelevant.
